(b) Identify the critical path. (Enter your answers as a comma-separated list.)(c) Develop the activity schedule for the project.EarliestStartActivityABCDEFGHLatestStartEarliestFinishLatestFinishSlack(d) Does it appear reasonable that construction of the athletic complex could begin one year after the decision to begin the project with the site survey and initial design plans? What is the expectedcompletion time for the project?The expected completion time isweeks, which is-Select-- than 1 year. Colonial State College is considering building a new multipurpose athletic complex on campus. The complex would provide a new gymnasium for intercollegiate basketball games, expanded officespace, classrooms, and intramural facilities. The following activities would have to be undertaken before construction can begin.ActivityABCDEFGDescriptionSurvey building siteDevelop initial designObtain board approvalSelect architectEstablish budgetFinalize designObtain financingHire contractorImmediatePredecessorA, BCCD, EEF, GTime(weeks)71115461412H(a) Draw a project network. (Submit a file with a maximum size of 1 MB.)Choose File no fie selected9

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Answered: (a) Draw a project network. (Submit a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Avondale Industries’ training and development office was asked to develop and implement a training program for its engineers located in its Bengaluru, India site. The program was developed in conjunction with several managers in Bengaluru who needed to improve the flow of their projects, many of which were not delivered on time. The managers felt that project management training would help their engineers develop the skills needed to understand the importance of time management, setting of goals and objectives, and prioritizing their goals to assist in making better use of their time. The training was delivered as requested, but three months later the managers reported they had seen no improvement in meeting project delivery deadlines. Which statement best explains why the training was not effective? Cultural differences were not accounted for when the training and development team organized the training and was thus not effective. The engineers relied too heavily on…
Critically assess and comment on the success of the project from the followingviewpoints aline with a project To enhance Sports development by providing assistance to sports clubs and teams in St. Catherine North Central by providing them with the necessary gears and equipment for whichever Sporting disciple that they may part-take in. a. Level or degree of alignment of end results and outcomes to the organization’sstrategic goals.b. Level of success in the management of the triple constraints of time, cost, andscope.
Project Typhoon has a net present value of $10,000 and a profitability index of 1.01. Project Cyclone has a net present value of $10,000 and a profitability index of 1.10. Project SurfsUp has a net present value of $10,000 and a profitability index of 1.05. If only one project could be undertaken, what should the oraganiztion select?
Colonial State College is considering building a new multipurpose athletic complex on campus. The complex would provide a new gymnasium for intercollegiate basketball games, expanded office space, classrooms, and intramural facilities. The following activities would have to be undertaken before construction can begin. Activity Description ImmediatePredecessor Time(weeks) A Survey building site 5 B Develop initial design 8 C Obtain board approval A, B 11 D Select architect C 4 E Establish budget C 6 F Finalize design D, E 15 G Obtain financing E 11 H Hire contractor F, G 6 (a) Draw a project network. (Submit a file with a maximum size of 1 MB.) (b) Identify the critical path. (Enter your answers as a comma-separated list.) (c) Develop the activity schedule for the project. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F G H…
The project manager of a task force planning the construction of a domed stadium had hopedto be able to complete construction prior to the start of the next college football season. Afterreviewing construction time estimates, it now appears that a certain amount of crashing will beneeded to ensure project completion before the season opener. Given the following time and costestimates, determine a minimum-cost crashing schedule that will shave five weeks off the projectlength. Note: No activity can be crashed more than two weeks.CRASHING COSTS ($000)Activity Immediate Predecessor Normal Time (weeks) First Week Second WeekA — 12 $15 $20B A 14 10 10C — 10 5 5D C 17 20 21E C 18 16 18F C 12 12 15G D 15 24 24H E 8 — —I F 7 30 —J I 12 25 25K B 9 10 10M G 3 — —N H 11 40 —P H, J 8 20 20End K, M, N, P
The four types of project closures are: Group of answer choices a. finite, infinite, continuous, discrete b. crashed, finished, successful, unsuccessful c. none of these d. normal, premature, perpetual, failed
The Virginia Department of Transportation is undertaking aconstruction project to widen a large section of interstate, highway near Washington, DC, which includes the construc-tion of a number of new bridges, interchanges, and over-passes. The first step in the project is the appointment of a project manger and the development of a project team, someof which will be departmental employees and others will beprivate consultants and operatives. The team for a project thissize also requires a large support staff with varying technicalskills. Once the team is selected and the staff is in place the first task is to select a primary contractor to manage and over-see the actual construction. The following activities are stan-dard for the planning and scheduling of this process: Construct the CPM/PERT network for this project and de-termine the project schedule. Identify the critical path and determine the expected project duration time and variance.Determine the probability that the team and…
Widgetco is making a prototype of a new product. The productconsists of two subassemblies. Before building either subassembly, the firm must purchaseraw materials and train workers. Before the subassemblies can be combined, subassembly2 must be inspected. The following table describes the project:Activity Description Requires Duration (Days)A Train workers 6B Purchase materials 9C Make subassembly 1 A,B 8D Make subassembly 2 A,B 7E Inspect subassembly 2 D 10F Combine subassemblies C, E 12G Subassembly 2 safety report E 6How quickly can Widgetco complete this project?(a) Define decision variables.(b) Write a suitable LP problem formulation.
Quorex is evaluating two mutually exclusive projects. Project A has a net investment of $50,000 and net cash flows over a six-year period of $13,000 per year (NOTE: that project requires a reinvestment with the same cost and cash flow for another six years). Project B has a net investment of $48,500, but its net cash flows of $8,740 per year will occur over a 12-year period. If Quorex has a cost of capital of 14% for these projects, which project, if either, should be chosen, and what is its NPV?
As Jerry met with his executives to discuss the situation, the general manager, Tracy Lee, provided more information. She described the hotel as mainly targeting the upscale and luxury business market segments (75 percent), while also attracting the upscale and luxury leisure market segments (25 percent). The hotel’s main competitors are Four Seasons, J.W. Marriott, Shangri La, Mandarin Oriental, Landmark Hotel, and Conrad Hotel, which are all located within a two-mile radius. There is fierce competition among the hotels in this market segment, and firms have resorted to price-cutting tactics during economic downturns before. The products and services of the Great Eastern Hotel have been unique and of high quality. Guests have been particularly satisfied with the ambience of the hotel given that it has focused only on its core market segments for business. The rooms have been designed and appointed to satisfy its market segments. In fact, there has been a coherence among product…
As Jerry met with his executives to discuss the situation, the general manager, Tracy Lee, provided more information. She described the hotel as mainly targeting the upscale and luxury business market segments (75 percent), while also attracting the upscale and luxury leisure market segments (25 percent). The hotel’s main competitors are Four Seasons, J.W. Marriott, Shangri La, Mandarin Oriental, Landmark Hotel, and Conrad Hotel, which are all located within a two-mile radius. There is fierce competition among the hotels in this market segment, and firms have resorted to price-cutting tactics during economic downturns before. The products and services of the Great Eastern Hotel have been unique and of high quality. Guests have been particularly satisfied with the ambience of the hotel given that it has focused only on its core market segments for business. The rooms have been designed and appointed to satisfy its market segments. In fact, there has been a coherence among product…
As Jerry met with his executives to discuss the situation, the general manager, Tracy Lee, provided more information. She described the hotel as mainly targeting the upscale and luxury business market segments (75 percent), while also attracting the upscale and luxury leisure market segments (25 percent). The hotel’s main competitors are Four Seasons, J.W. Marriott, Shangri La, Mandarin Oriental, Landmark Hotel, and Conrad Hotel, which are all located within a two-mile radius. There is fierce competition among the hotels in this market segment, and firms have resorted to price-cutting tactics during economic downturns before. The products and services of the Great Eastern Hotel have been unique and of high quality. Guests have been particularly satisfied with the ambience of the hotel given that it has focused only on its core market segments for business. The rooms have been designed and appointed to satisfy its market segments. In fact, there has been a coherence among product…

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(a) Draw a project network. (Submit a file with a maximum size of 1 MB.) Choose File no fie selected